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Cattle futures down, getting ready for direct business

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Chicago Mercantile Exchange live and feeder cattle were sharply lower on technical selling ahead of this week’s direct business. April live was down $1.40 at $182.35 and June was $1.30 lower at $180.47. March feeders were $2.05 lower at $242.75 and April was down $1.95 at $248.25.

Direct cash cattle markets were at a standstill. As usual for a Monday, the big feature was the distribution of this week’s show list, which looks larger in all of the major feeding areas.

Cattle futures down, getting ready for direct business